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BUSINESS

'We were duped' by studios, says Hollywood actor union president

AFP, Published on 14/07/2023

» LOS ANGELES - Hollywood actors were "duped" into extending negotiations for two weeks by studios who wanted more time to promote their summer blockbuster movies, union president Fran Drescher told AFP on Thursday.

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BUSINESS

Asian markets fail to build on rally with eye on China policy

AFP, Published on 19/06/2023

» HONG KONG: Markets saw a limp start Monday as traders turned more cautious after last week's rally, with eyes on China as speculation grows that officials will unveil a raft of economic stimulus measures.

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BUSINESS

Air travel to soar near record in 2023: industry group

AFP, Published on 05/06/2023

» ISTANBUL: Airlines will return to profit and fly a near-record 4.35 billion passengers this year, but the sector's post-pandemic recovery remains fragile, an industry group said on Monday.

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BUSINESS

Markets tumble as Republicans threaten US debt deal

AFP, Published on 31/05/2023

» HONG KONG: Asian markets sank on Wednesday on worries that hardline Republicans could vote down a crucial bill to hike the US borrowing limit and risk a catastrophic default that could hammer an already fragile global economy.

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BUSINESS

Iconic New York discount luxury store reopens

AFP, Published on 17/05/2023

» NEW YORK: Forced to shutter during the Covid-19 pandemic, the discount luxury goods store Century21 reopened its flagship location in Manhattan on Tuesday, drawing elated crowds of bargain hunters back to the New York institution.

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BUSINESS

Global stocks mostly up as yen tumbles after Bank of Japan decision

AFP, Published on 29/04/2023

» NEW YORK: Global stock markets mostly rose Friday following modestly positive economic data in Europe and the United States, while the yen tumbled after the Bank of Japan maintained its easing policies.

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BUSINESS

Samsung Electronics logs worst quarterly earnings in 14 years

AFP, Published on 27/04/2023

» SEOUL: Samsung Electronics on Thursday reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business.

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BUSINESS

Swiss parliament fumes over Credit Suisse collapse

AFP, Published on 12/04/2023

» BERN (SWITZERLAND) - The Swiss parliament voiced its fury on Tuesday at the collapse of Credit Suisse and how the rules intended to prevent such a major bank from getting itself into trouble completely failed.

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BUSINESS

UK claims post-Brexit win with trans-Pacific trade pact membership

AFP, Published on 31/03/2023

» LONDON: The UK will join 11 other countries in a major Asia-Pacific trade partnership, Prime Minister Rishi Sunak announced Friday, in the country's biggest post-Brexit trade deal following nearly two years of talks.

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BUSINESS

US and Korea seek extradition of crypto fugitive

AFP, Published on 29/03/2023

» PODGORICA, Montenegro: The United States and South Korea have sought the extradition from Montenegro of fugitive cryptocurrency entrepreneur Do Kwon, the country's minister of justice said on Wednesday, just days after he was arrested in the Balkan nation.